Financial and Banking News


Alahli Names New Directors 

The new board of directors of Kuwait's Alahli Bank was elected last week after the resignation of Mr. Husain Maki al-Juma', its former managing director, who is facing legal proceedings in London in connection with a major loan default. Two new members have been elected to the board: Mr. 'Abd al-Salam 'Abd Allah al-'Awadi as deputy chairman and managing director, and Mr. Habib Hasan Johar...